DAILY BRIEFING

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February 7, 2022

Prepared for Voornaam

GOP lawmakers move to stop IRS facial recognition technology

By Michael Cohn       3 min read

Republicans in Congress have written the service questioning the use of ID.me, and introduced a bill that would ban the practice. View story →

IRS backlog extends to processing NOL carryback refunds during pandemic

By Michael Cohn       2 min read

The Internal Revenue Service backlog is adding to long delays in processing carryback refunds of net operating losses claimed by companies during the pandemic. View story →

RELATED

Withum releases year-end tax-planning guide and resource center →

The resources include articles and checklists that taxpayers and tax professionals can use to prepare for the new year.

NABA enters alliance with Diverse Organization of Firms

By Sean McCabe       1 min read

The National Association of Black Accountants and the DOF will strive to bring their combined resources to more Black entrepreneurs across the country. View story →

Staying healthy during busy season

By Amy Vetter       4 min read

If you want to make it through in good mental and physical health, set aside some time for yourself. View story →

PwC teams with Workiva on ESG reporting

By Michael Cohn       9 min read

PricewaterhouseCoopers has expanded its alliance with the cloud-based financial reporting technology company Workiva to handle environmental, social and governance reporting and services.  View story →

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Surgent adds gamified CE course

By Sean McCabe       2 min read

Surgent Accounting & Financial Education launched Max the Tax, the first entry in a series of online, gamified courses offering continuing education credit to users. View story →

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LinkedIn and Facebook best practices for accountants

By Jason Schow       4 min read

For accountants, Facebook and LinkedIn tend to be the most effective tools for marketing purposes.  View story →

Employers added 467K jobs in January, but cut 6.6K in accounting

By Michael Cohn       2 min read

The employment situation in January was better than expected, as employers added a robust 467,000 jobs despite the Omicron variant, the U.S. Bureau of Labor Statistics reported, View story →

Taxpayer Assistance Centers add Saturday hours

By Jeff Stimpson       2 min read

A selection of TACs will be open on weekends once a month until the end of tax season. View story →

Tax Fraud Blotter: Identity crisis

By Jeff Stimpson       6 min read

One slick customer; give her credit; unhappy camper; and other highlights of recent tax cases. View story →

H&R Block rolls out mobile banking in time for tax season

By Michael Cohn       6 min read

H&R Block is banking on a new service called Spruce to offer tax clients banking options. Read story →

New bill would change tax rules for cryptocurrency purchases

By Michael Cohn       3 min read

A group of lawmakers teamed up Thursday to introduce bipartisan legislation that aims to create a workable structure for taxing purchases made with cryptocurrency. Read story →

M&A roundup: Baker Tilly, Mugford expand

By Michael Cohn      

Baker Tilly acquired Orchestrate Healthcare; and Mugford & DiBella merged in Daigle, Smith & Chubet. Read story →

Liberty becomes latest prep chain to offer banking

By Jeff Stimpson       1 min read

The new DeepBlue Debit offering is aimed at customers who are underbanked. Read story →

On the move: UHY appoints Houston managing director

By Danielle Lee      

Porte Brown elects next CEO; CohnReznick elevates 21 to partner; and more CPA news.  Read story →

RESOURCES

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In this eBook, you will learn the key data fields you need to achieve and maintain lease accounting compliance with ASC 842 & GASB 87. Learn More →

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